Coronet Bay is a small community in Victoria within the Bass Coast local government area (postcode 3984). With a population of 1,108, the suburb has a mature demographic with a median age of 51. Households earn a median income of $50K per year, with an average household size of 2 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Coronet Bay is $520,000, having dropped significantly 10.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,300.
Public transport access includes 11 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Coronet Bay offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($520K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved -10.3% year-on-year.
Coronet Bay is a small community in Victoria within the Bass Coast local government area (postcode 3984). With a population of 1,108, the suburb has a mature demographic with a median age of 51. Households earn a median income of $50K per year, with an average household size of 2 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Coronet Bay is $520,000, having dropped significantly 10.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,300.
Public transport access includes 11 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Coronet Bay offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($520K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved -10.3% year-on-year.